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Discuss Frustration in Contract Law and Indicate When It Is

question 125

Essay

Discuss frustration in contract law and indicate when it is available and how and why it has been modified by statute.


Definitions:

Fact

A piece of information that is verifiably true and can be proven with evidence or data.

Material Fact

Any fact that is significant or essential to the subject at hand, which, if known, could influence a decision in a legal or financial transaction.

Subject Matter

The specific substance or area of concern upon which a discussion, work, or dispute is based.

Transposes Digits

To switch the positions of numbers within a number, often leading to errors in mathematical operations or data entry.

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